International Assets Investment Management LLC Acquires 32,743 Shares of Fortive Co. (NYSE:FTV)

International Assets Investment Management LLC increased its position in Fortive Co. (NYSE:FTV - Free Report) by 7,966.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,154 shares of the technology company's stock after buying an additional 32,743 shares during the period. International Assets Investment Management LLC's holdings in Fortive were worth $2,617,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Lipe & Dalton increased its holdings in Fortive by 1.9% during the 1st quarter. Lipe & Dalton now owns 7,096 shares of the technology company's stock worth $610,000 after purchasing an additional 130 shares during the last quarter. Private Advisor Group LLC grew its position in Fortive by 3.6% in the 3rd quarter. Private Advisor Group LLC now owns 3,899 shares of the technology company's stock worth $308,000 after purchasing an additional 135 shares during the last quarter. RDA Financial Network increased its position in Fortive by 3.4% in the 2nd quarter. RDA Financial Network now owns 4,191 shares of the technology company's stock valued at $311,000 after acquiring an additional 138 shares during the period. Pitcairn Co. increased its holdings in shares of Fortive by 1.3% during the first quarter. Pitcairn Co. now owns 11,170 shares of the technology company's stock valued at $961,000 after purchasing an additional 139 shares during the period. Finally, QRG Capital Management Inc. raised its position in shares of Fortive by 0.8% during the 2nd quarter. QRG Capital Management Inc. now owns 18,507 shares of the technology company's stock worth $1,371,000 after buying an additional 146 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Fortive Stock Down 0.1 %

FTV stock traded down $0.09 during mid-day trading on Friday, hitting $71.34. 3,334,438 shares of the company were exchanged, compared to its average volume of 2,285,197. Fortive Co. has a 1-year low of $64.69 and a 1-year high of $87.10. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.95 and a current ratio of 1.25. The firm's 50 day simple moving average is $75.27 and its 200 day simple moving average is $74.39. The firm has a market cap of $24.75 billion, a P/E ratio of 28.42, a P/E/G ratio of 1.96 and a beta of 1.13.

Fortive (NYSE:FTV - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The technology company reported $0.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.04. Fortive had a return on equity of 12.56% and a net margin of 14.35%. The company had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.55 billion. During the same quarter in the prior year, the business posted $0.85 EPS. The business's revenue was up 2.7% compared to the same quarter last year. On average, sell-side analysts predict that Fortive Co. will post 3.85 EPS for the current fiscal year.

Fortive Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Tuesday, September 17th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend was Friday, September 13th. Fortive's dividend payout ratio is presently 12.75%.

Wall Street Analyst Weigh In

FTV has been the subject of several research reports. Wolfe Research lowered Fortive from an "outperform" rating to a "peer perform" rating in a research note on Friday, September 6th. Wells Fargo & Company dropped their price target on shares of Fortive from $82.00 to $77.00 and set an "equal weight" rating on the stock in a research note on Thursday. Royal Bank of Canada decreased their price target on Fortive from $85.00 to $77.00 and set a "sector perform" rating for the company in a research note on Thursday. StockNews.com raised Fortive from a "hold" rating to a "buy" rating in a research note on Friday, September 13th. Finally, Raymond James raised Fortive from a "market perform" rating to an "outperform" rating and set a $85.00 target price for the company in a research report on Thursday, September 5th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $88.20.

Insider Buying and Selling

In other Fortive news, CFO Charles E. Mclaughlin sold 6,864 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $74.03, for a total transaction of $508,141.92. Following the completion of the sale, the chief financial officer now directly owns 73,391 shares in the company, valued at $5,433,135.73. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, SVP Jonathan L. Schwarz sold 14,223 shares of the firm's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $73.80, for a total transaction of $1,049,657.40. Following the transaction, the senior vice president now directly owns 68,161 shares of the company's stock, valued at approximately $5,030,281.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Charles E. Mclaughlin sold 6,864 shares of the business's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $74.03, for a total transaction of $508,141.92. Following the completion of the sale, the chief financial officer now directly owns 73,391 shares of the company's stock, valued at $5,433,135.73. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.01% of the stock is currently owned by insiders.

Fortive Company Profile

Fortive Corporation designs, develops, manufactures, and services professional and engineered products, software, and services in the United States, China, and internationally. It operates in three segments: Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. The Intelligent Operating Solutions segment provides advanced instrumentation, software, and services, including electrical test and measurement, facility and asset lifecycle software applications, and connected worker safety and compliance solutions for manufacturing, process industries, healthcare, utilities and power, communications and electronics, and other industries.